Banks and major financial institutions are not interested in lending to start-up firms if there is little or no collateral.

Name: Banks and major financial institutions are not interested in lending to start-up firms if there is little or no collateral.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Banks and major financial institutions typically require collateral to mitigate the risk of lending, and start-ups often lack sufficient assets to offer as collateral, making them less attractive for traditional loans.

Banks and Major Financial Institutions Are Not Interested in Lending